related products Flashcards
1
Q
related products are either a—– or a ——-
A
complement or a substitute
2
Q
complements
A
products jointly demanded as they go well together like cars and petrol
3
Q
for complements a change in the price of one product affects the demand for the related good true or false
A
true
4
Q
a change in the price of a good or service causes a —— along the demand curve
A
movement
5
Q
a change in all other non price determinants causes a —— in the demand curve
A
shift
